{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013258","form_type":"8-K","ticker":"BFST","cik":"0001624322","company_name":"Business First Bancshares, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.297867+00:00","generated_at":"2026-06-03T08:00:59.524190+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Business First Bancshares acquires Oakwood Bancshares in $85.7M stock deal; Q1 EPS $0.48","bullets":["All-stock merger valued at $85.7M; Oakwood shareholders receive 0.5112 BFST shares per Oakwood share.","Q1 2024 net income to common $12.2M ($0.48 diluted EPS); core net income $12.8M ($0.50 diluted EPS).","Deposits increased $324M (6.17%) QoQ; loans grew $96.1M (1.92%).","Deal expected to close in Q4 2024, subject to regulatory and Oakwood shareholder approval.","Quarterly common dividend $0.14 per share, payable May 31, 2024, to holders of record May 15."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013258","json":"https://secwatch.observer/filing/0001437749-24-013258.json","markdown":"https://secwatch.observer/filing/0001437749-24-013258.md","text":"https://secwatch.observer/filing/0001437749-24-013258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/0001437749-24-013258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/bfbi20240424_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:00:59.524190+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3cc6db7d30849e535ec2e915a06b1548aa44ea03","claim":"Business First Bancshares, Inc. reported first quarter of 2024 results: net income $12.2 million, EPS $0.48 per diluted common share.","evidence_excerpt":"On April 25, 2024, BFST issued a press release announcing its consolidated financial results for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/0001437749-24-013258-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"$12.2 million"},{"label":"EPS","value":"$0.48 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"54fd3fbc91b2387ef2e14a1d2128dffd4f847816","claim":"Business First Bancshares, Inc. entered into Agreement and Plan of Reorganization with Oakwood Bancshares, Inc. valued at $85.7 million (effective 2024-04-25).","evidence_excerpt":"On April 25, 2024, Business First Bancshares, Inc., a Louisiana corporation (“BFST”), and Oakwood Bancshares, Inc., a Texas corporation (“Oakwood”), entered into an Agreement and Plan of Reorganization (the “Reorganization Agreement”), providing for the acquisition by BFST of Oakwood through the merger of Oakwood with and into BFST, with BFST surviving the merger (the “Merger”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624322/000143774924013258/0001437749-24-013258-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Oakwood Bancshares, Inc."},{"label":"Value","value":"$85.7 million"},{"label":"Effective","value":"2024-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}